5 ways to lower your taxes in 2017

5 ways to lower your taxes in 2017(Photo: Getty Images)You haven’t even filed your 2016 tax return yet, so it may seem a bit early to think about your 2017 taxes. However, smart tax planning is a year-round activity – not just something you do when you prepare your return. In that spirit, here are five things you could do in 2017 that could reduce your taxes and boost your refund.If you’ve been toying with the idea of moving to a different area of the country, it may interest you to know that moving expenses are tax deductible if the move is related to the start of a new job.You don’t even need to have a new job lined up before you move. For your expenses to qualify, the move needs to pass two tests:If these two tests are satisfied, you can deduct expenses such as driving mileage, packing supplies, shipping costs, hired movers, storage expenses, and lodging expenses on the way to your new home.The best part of all is that the moving expenses deduction is an “above-the-line” deduction, which means that you can take it whether or not you itemize deductions on your tax return.USA TODAYIRS: Here’s when you can begin filing your 2016 taxesIt’s well-known that college students may qualify for a tax credit for paying tuition, known as the American Opportunity Credit. However, this is only good for the first four years of college, and only if a degree or certificate is being pursued.On the other hand, the lesser-known Lifetime Learning Credit doesn’t have these restrictions. The credit is worth 20% of up to $10,000 worth of educational expenses, and there is no degree program, credit hour or other requirement. You can take a single class for personal enrichment or to obtain career skills and qualify for this credit. If you take a class that costs $1,000, this credit can give you $200 of that amount back.The biggest restriction on the Lifetime Learning Credit is income-related. For the 2017 tax year, the credit phases out for incomes above $55,000 (singles) and $110,000 (married filing jointly), and disappears completely above incomes of $65,000 and $130,000, respectively.If you have been on the fence about buying a house, the tax benefits could be the motivation you need to finally get into a home of your own.There are several lucrative tax breaks available for homeowners, including:USA TODAYThese trends could affect your money in 20171.

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2017 Infiniti QX30 AWD Review – The British-German Luxury Crossover

2017 Infiniti QX30 AWD Review – The British-German Luxury Crossover

2017 Infiniti QX30 AWD

2.0-liter I4, DOHC, turbocharged (208 horsepower @ 5,500 rpm; 258 lb-ft @ 1,200 rpm)

Seven-speed dual-clutch automatic, all-wheel drive

21 city / 30 highway / 25 combined (EPA Rating, MPG)

10.6 city/ 8.0 highway/ 9.4 combined (NRCan Rating, L/100km)

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14 Social Security stats that will blow you away

14 Social Security stats that will blow you away(Photo: Getty Images)More than 65 million people depend on Social Security for some or all of their income, but Social Security’s financial shape is expected to deteriorate over the coming decades. Here are some eye-opening statistics about the current state of Social Security, its beneficiaries, its financial state, and how we could fix it for future generations of retirees.

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